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Jamaica and IMF

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  • Jamaica and IMF

    Tony Minvielle, formerly of Barclays Capital, was somewhat more forthright: "It is not the IMF who made Jamaica beg --that was its own doing. It has gorged itself on debt, mismanaged the economy and failed to prepare itself for the twenty-first century, instead choosing to rely on preferential treatments from a bygone age. Mind you, this is not peculiar to just Jamaica but many other Caribbean islands whose economies are predicated on one sector -- tourism, which in itself is unpredictable.
    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

  • #2
    "It has gorged itself on debt, mismanaged the economy and failed to prepare itself for the twenty-first century"

    Yet those who choose to be petty contiinue to ignore the obvious in order to prop up the incompetent ones that put us in this position.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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